Ismafa: what changed
Ismafa
Largest movements
- Receivables within one year -€14,150
down €14,150 (-58.0%), from €24,399 to €10,248
of which Trade receivables: -€16,271
- Tangible fixed assets -€3,909
down €3,909 (-15.0%), from €25,987 to €22,079
of which Furniture and vehicles: -€4,449
- Tax, wage and social debts -€16,719
down €16,719 (-74.6%), from €22,425 to €5,706
of which Taxes: -€11,844
- Trade debts -€2,252
down €2,252 (-74.3%), from €3,030 to €778
- Gross operating margin -€69,500
down €69,500 (-81.6%), from €85,214 to €15,714
- Staff costs -€45,829
down €45,829 (-81.9%), from €55,982 to €10,153
- Depreciation -€3,329
down €3,329 (-42.6%), from €7,807 to €4,478
- Taxes -€3,039
down €3,039 (-94.6%), from €3,214 to €175
- Other operating charges -€1,370
down €1,370 (-91.8%), from €1,493 to €123
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,205 | €46,698 | -€18,507 | -28.4% |
| Fixed assets | 21/28 | €39,987 | €36,079 | -€3,909 | -9.8% |
| Tangible fixed assets | 22/27 | €25,987 | €22,079 | -€3,909 | -15.0% |
| Plant, machinery and equipment | 23 | €781 | €1,321 | +€540 | +69.2% |
| Furniture and vehicles | 24 | €25,207 | €20,758 | -€4,449 | -17.7% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €25,218 | €10,620 | -€14,598 | -57.9% |
| Amounts receivable within one year | 40/41 | €24,399 | €10,248 | -€14,150 | -58.0% |
| Trade receivables | 40 | €18,164 | €1,893 | -€16,271 | -89.6% |
| Other amounts receivable | 41 | €6,234 | €8,355 | +€2,121 | +34.0% |
| Cash at bank and in hand | 54/58 | €819 | €371 | -€448 | -54.7% |
| Total equity and liabilities | 10/49 | €65,205 | €46,698 | -€18,507 | -28.4% |
| Equity | 10/15 | €39,750 | €40,215 | +€464 | +1.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,750 | €32,215 | +€464 | +1.5% |
| Amounts payable | 17/49 | €25,455 | €6,484 | -€18,971 | -74.5% |
| Amounts payable within one year | 42/48 | €25,455 | €6,484 | -€18,971 | -74.5% |
| Trade debts | 44 | €3,030 | €778 | -€2,252 | -74.3% |
| Suppliers | 440/4 | €3,030 | €778 | -€2,252 | -74.3% |
| Taxes, remuneration and social security | 45 | €22,425 | €5,706 | -€16,719 | -74.6% |
| Taxes | 450/3 | €17,550 | €5,706 | -€11,844 | -67.5% |
| Remuneration and social security | 454/9 | €4,875 | - | -€4,875 | |
| Non-recurring operating income | 76A | - | €569 | +€569 | |
| Remuneration, social security and pensions | 62 | €55,982 | €10,153 | -€45,829 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,807 | €4,478 | -€3,329 | -42.6% |
| Other operating charges | 640/8 | €1,493 | €123 | -€1,370 | -91.8% |
| Non-recurring operating charges | 66A | €3,729 | - | -€3,729 | |
| Gross operating margin | 9900 | €85,214 | €15,714 | -€69,500 | -81.6% |
| Operating profit (loss) | 9901 | €16,203 | €960 | -€15,243 | -94.1% |
| Financial income | 75/76B | €1 | €227 | +€227 | +37,773% |
| Recurring financial income | 75 | €1 | €227 | +€227 | +37,773% |
| Financial charges | 65/66B | €1,575 | €548 | -€1,027 | -65.2% |
| Recurring financial charges | 65 | €1,575 | €548 | -€1,027 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €14,628 | €639 | -€13,989 | -95.6% |
| Income taxes | 67/77 | €3,214 | €175 | -€3,039 | -94.6% |
| Profit (loss) for the period | 9904 | €11,415 | €464 | -€10,950 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,415 | €464 | -€10,950 | -95.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.